DXY is extremely week at the moment but we are coming up to a strong resistance zone (DXY and EURUSD correlate).
Coincidently the DXY support zone lines up with the EURUSD resistance zone. I do believe EURUSD will hit 1.24 and consolidate between 1.24-22 before a push towards 1.25-26 before a reversal and the beginning of a down trend. This is a long term trade target but it is just to give an overall bias. I will provide more precise set ups through out the movements.
But for now the trend is your friend.
Coincidently the DXY support zone lines up with the EURUSD resistance zone. I do believe EURUSD will hit 1.24 and consolidate between 1.24-22 before a push towards 1.25-26 before a reversal and the beginning of a down trend. This is a long term trade target but it is just to give an overall bias. I will provide more precise set ups through out the movements.
But for now the trend is your friend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.